Four transactions for Automotive Maintenance and Repair Shop that took place in November 2019 appear below.

DATE	TRANSACTION
Nov. 1	Ryan OMalley invested $60,000 in cash plus tools with a fair market value of $2,500 to start the business.
2	Purchased equipment for $1,900 and supplies for $400 from Office Depot, Invoice 501; issued Check 100 for $550 as a down payment with the balance due in 30 days.
10	Performed services for Patricia Reed for $3,400, who paid $1,250 in cash with the balance due in 30 days.
20	Purchased machinery for $4,500 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,750 in cash as a down payment with the balance due in 30 days.

Record the transactions in the general journal and post them to the appropriate ledger accounts. Analyze: What liabilities does the business owe as of November 30?

Journal entry worksheet

• Ryan OMalley invested $60,000 in cash plus tools with a fair market value of $2,500 to start the business.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 01, 2019

Journal entry worksheet

• Purchased equipment for $1,900 and supplies for $400 from Office Depot, Invoice 501; issued Check 100 for $550 as a down payment with the balance due in 30 days.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 02, 2019

Journal entry worksheet

• Performed services for Patricia Reed for $3,400, who paid $1,250 in cash with the balance due in 30 days.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 10, 2019

Journal entry worksheet

• Purchased machinery for $4,500 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,750 in cash as a down payment with the balance due in 30 days.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 20, 2019